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20130216
20130224
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MSNBC 2
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KGO (ABC) 1
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Search Results 0 to 8 of about 9 (some duplicates have been removed)
NBC
Feb 19, 2013 5:30pm PST
of events with names like the debt ceiling deadline, the fiscal cliff, and the next one is barreling down the tracks. it is called the sequester, but it has nothing to do with a jury. and if it isn't stopped, if it's allowed to go through in ten days, huge automatic spending cuts go into effect. the president used some dire language to warn about it today. and tonight, nbc's john yang explains what this sequester is and the impact it could have for everyone. >> reporter: with no budget deal in sight and automatic spending cuts just days away, president obama said today it was the fault of congressional republicans. >> they haven't come together and done their jobs, and so as a consequence, we've got these automatic, brutal spending cuts. >> reporter: republicans blame the president. >> the president, back in the last session of congress, refused to cut spending in any place. >> reporter: they're fighting over a sequester. washington speak for the $1.2 trillion across-the-board spending cuts that would begin march 1st unless congress and the president agree on a deficit-cutting package. >>
MSNBC
Feb 20, 2013 9:00am PST
's a debt ceiling, which we thought was going to happen -- four, actually, the fiscal cliff, which didn't happen, that would have been bad. a debt ceiling, which would have been unimaginably horrible, a hell storm of epic proportions. a continuing resolution which could lead to a government shutdown, and a sequester. the sequester is, of these four, probably the least damaging to the economy, the least disruptive, least freakout to the market. there's an advantage to the fact boehner has moved his people to have a fight on the sequester. obama and him are going to have a fight on the sequester and hopefully we'll figure this out before we get to the debt ceiling or something we can't get back out of. there is a sense with a harm mitigation strategy being attempted by john boehner here to try to get his people focused on something, where even if it goes wrong and there's no deal, we don't crash the global economy as a consequence. >> it reminds me of the late 1800s and 1900s when leeching was the preferred medical treatment, bleed it out, bleed it out. that's effectively the strategy tak
FOX News
Feb 19, 2013 1:00pm PST
of all, most of america is not concerned with these tv terms like fiscal cliff and debt ceiling and sequestration. >> what about when i rhyme them together and say sequestration, damnation, louse nation. >hallucination. >> to most of america, it's benign to them. when i look at what really happens as a market watcher in the past, here comes the fiscal cliff. guess what. everything's fine, market goes up. >> what happens if we get to march 1st and we go over the cliff or whatever you want to call it? are the markets thinking we avoid it, or are the market saying 85 billion in the scheme of things, better than nothing, get on with it? >> i think the historical pattern has shown us that every time we get up to these supposed drop dead dates, nothing happens. they come up with some kind of solution. >> were they thinking that, or are they thinking we hope they do go through with these cuts, minor as they are? >> i think the markets believe that these cuts will happen. i think the markets believe that this is a sliver of a thaw in the gridlock in washington. the republicans called ob
ABC
Feb 20, 2013 1:40am PST
of the aisle. we had the fiscal cliff, now we have this, we have the debt ceiling deadline in may. there's no dramatic substantive action. it's just one little baby step or kick it down the road and here we are again. and they're playing with people's jobs, money, taxes, livelihoods. our government just seems so dysfunctional and broken and gridlocked. >> and then things like this happen and we go until the 11th hour and oh, a solution but it's not really a solution because we've only done half of the work we should have done. in three months we'll talk about it again and we go through this all over again. just talking about we want to blame both sides and we want to say everybody is responsible. but president obama was up there with the first responders, and some people are questioning whether or not that was a manufactured setup and a scenario where he was like, i'm with these guys, you're the ones that are not able to let this happen and you're going to affect them. but was that necessary is the question? >> all politicians like their backdrops and to put a human face on the issue. fo
MSNBC
Feb 20, 2013 3:00am PST
ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just figuring out ways to come up with a new deal? this was supposed to be the deal. this was supposed to be the thing that forced action. >> right. >> what was the point of it if we're not going to enforce it? >> that's a very good question. what was the point of it? the point of it was that people had crawled out on a limb, and they needed to come off it somehow. the very people who crawled out on that limb are now saying, how did we ever get here? you made me do it. it is ridiculous. and unfortunately, you know, what's that hillary clinton line that she used to use? the definition of madness is doing the same thing over and over again and expecting a different result. just in ter
Search Results 0 to 8 of about 9 (some duplicates have been removed)